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The story
Ambassador Airways was founded in 1992 by Best Leisure Travel to serve Greek and Cypriot tourists between Greece and Cyprus, whilst also providing charter flights to tour companies. It was initially based at Newcastle International Airport before moving to Gatwick Airport in October 1993. It started operations with two leased Boeing 757s, originally flown by third party airlines until a charter license was granted. It operated under the call sign "AMBASSADOR".
The first service was operated on 21 May 1993 from Newcastle to Larnaca. In the summer of 1993, the airline provided 75,000 seats with its two Boeing 757s. In its first year of service, the airline carried 485,000 passengers. The fleet expanded for the summer 1994 season to operate four Boeing 757s, two leased Boeing 737-200s and two leased Airbus A320s. The operations focused on flights mainly from Birmingham, Manchester and Newcastle. Suffering from lack of financing and accumulating debts, the airline ceased operating on 28 November 1994 and was placed in administration the next day. In parallel, the collapse of Ambassador Airways contributed to Best Leisure Travel going bankrupt and the air carrier fleet was impounded.
From Wikipedia’s article on Ambassador Airways, shared under CC BY-SA 4.0.3